05/15/2022
As brokers, you help consumers and businesses find the right insurance products they need, enabling them to safeguard against unexpected and unaffordable financial losses.
05/15/2022
The FCA refused the application to protect consumers from the risk of using a poorly overseen investment business.
05/15/2022
It is also possible in certain circumstances to share privileged material confidentially with outside parties
05/15/2022
The NIS 2 Directive also strengthens cybersecurity requirements imposed on the companies, addresses security of supply chains and supplier relationships and introduces accountability of top management for non-compliance with the cybersecurity obligations.
05/13/2022
The proposed directive will extend the application of certain rules in the CRD to financial services distance contracts.
05/13/2022
The updated Green Finance Strategy will take stock of progress so far and set out how the UK can better ensure the financial services industry is supporting the UK’s energy security, climate and environmental objectives.
05/13/2022
Since April 7, 2.2 billion francs had been newly reported while 3.4 billion francs blocked as a precaution, have been released.
05/13/2022
The introduction of MiFID II meant that rules were harmonised not only for member states but also for those firms with E.U clients.
05/13/2022
It dismissed his argument that the lower court had conducted proceedings in an inadmissible manner.
05/12/2022
It also highlights that there are no consumer protections for those who buy cryptoassets and NFTs, and that they are not protected under the Financial Services Compensation Scheme (FSCS).
05/12/2022
Although it cannot comment on individual products, the City watchdog said investors should be aware that the FCA does not have regulatory oversight over direct investments in cryptoassets and NFTs.
05/12/2022
Bailey was head of the FCA from 2016-2020, during which time it came to light that thousands of steelworkers had been misadvised to transfer out of their defined benefit pension scheme.
05/12/2022
The Financial Services and Markets Bill is described as a piece of legislation that will 'strengthen the United Kingdom’s financial services industry, ensuring that it continues to act in the interest of all people and communities'.
05/12/2022
One of many challenges facing firms is building a culture that promotes change and innovation
05/12/2022
"This has long been more than just business in Russia, but the structures associated with the aggressive Russian state."
05/11/2022
Herbert Smith Freehills Financial Regulation Daily Update
The FCA plans to publish its final report on the multi-occupancy buildings insurance market by 28 July 2022.
05/11/2022
EU sanctions: application of trusts measures outside the private trusts sphere
They also apply to all business done by non-EU persons in whole or in part within EU territory, including its airspace and on any aircraft or vessel under an EU member state's jurisdiction.
05/11/2022
This decision reinforces the position that communications between a lawyer and client will generally attract LPP.
05/10/2022
FSCS declares two advice firms
The FSCS said it has received 16 claims against the firm in total, of which 10 are in relation to Sipps, three for investment advice and three for pensions advice.
05/10/2022
What can advisers expect from the Queen's Speech?
The Queen's Speech marks the state opening of parliament and outlines the programme of legislation the government intends to progress during the new parliamentary session.